Excerpt from: Forex News
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| September 03, 2009 | | Risk appetite makes a cautious appearance in forex trading | Initial jobless claims have fallen this week, along with continuing unemployment claims. This news is heartening for those watching for news of the economy, with indications that things might be improving. (Although the continuing claims data may be down as people exhaust their unemployment benefits.)
The news about an slightly improving jobless picture comes as retailers release sales data from August. Retail sales are still weak, but they are better than July.
Evidences of an economic picture that is improving -- albeit at a very slow pace -- is providing for the return of cautious risk appetite. The sterling and the euro are both higher in forex trading against the U.S. dollar. The euro is being helped along by the recent ECB decision to keep rates at 1%, and expectations for an improved growth forecast in the euro zone.
| Topic Tags: ECB, economic data, euro forex trading, forex trading, jobless claims, risk appetite, sterling forex trading, U.S. dollar, unemployment | |
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